the number of houses for sale now in each London borough

As London’s property market struggles with the ongoing supply crisis, exclusive data reveals Wandsworth has the most homes for sale, with 5,178 now on the market.

The area with the second highest number of properties available is Barnet with 4,799, followed by Croydon (4,774) and Westminster (4,439), according to figures compiled for Homes & Property by TwentyCi.

At the other end of the scale, Barking and Dagenham has just 1,491 properties for sale, while Islington has 2,147.

The UK is facing a severe supply crunch, with the number of properties on agents’ books down by a third compared to pre-pandemic levels.

A recent survey by Savills found that nine out of 10 would-be homebuyers say the continued lack of stock available to buy is preventing them from moving. According to the agent, 431,000 homes were available for purchase at some point last month, down 218,000 from the same month three years ago.

In London, stock supply levels are better than elsewhere but are still five per cent lower than they were in 2019. Savills said this partly reflected the high number of flats for sale in the capital, which during the pandemic they were much more difficult. sell.

Giles Barrett, head of sales at Domus Nova, an agent covering Kensington and Chelsea, said: “What we are seeing is particularly strong demand, and therefore a shortage, in the more spacious family homes with shared gardens in especially in popular residential areas with ‘golden postcodes’ such as Notting Hill.”

Barrett added that there was also a very active “off-market” scene, where special properties are not advertised on the main market.

Dale Woods, Senior Area Director at Barnard Marcus in Sutton and Richmond, said the agency is seeing a “significant undersupply” in both boroughs, with more properties coming on the market compared to the end of 2021.

“At the moment there is a cycle of buyers wanting to sell up and move to other parts of London. However, because they cannot see many other properties for sale, they are reluctant to put their homes on the market, causing a shortage,” he added.

Table: London boroughs ranked by number of properties for sale